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sandy roars ashore. dumping a ton of rain on the u.s. east coast knocking out power to williams. >> bp hikes dividend by more than 12%. >> and bank of japan steps into boost the economy for a second straight month. >> it's a big day for earnings here in europe. usb is cutting up to 10,000 jobs. one of the biggest cuts in the finance industry since the 2008 crisis. the stock is up, though. carolyn roth has been speaking to the ceo. >> investors clearly liking the news of more cost cutting over the next three years. very crass tidrastic moves, tho. ubs is going where no other bank has gone before. it is closing down an entire unit. the fixed income unit. so really this is more than a paradigm shift. when i spoke to the ceo of the bank, he explained what was the rationale behind that move. >> it means a better time to market, being more close to our chintds, and at the same time, the effectiveness of creating an environment that allow us to reduce operational risk. so just not a cost cutting exercise. of course in our industry which is a hi
sandy roars ashore. dumping a ton of rain on the u.s. east coast knocking out power to williams. >> bp hikes dividend by more than 12%. >> and bank of japan steps into boost the economy for a second straight month. >> it's a big day for earnings here in europe. usb is cutting up to 10,000 jobs. one of the biggest cuts in the finance industry since the 2008 crisis. the stock is up, though. carolyn roth has been speaking to the ceo. >> investors clearly liking the news of...
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Oct 29, 2012
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hurricane sandy slamming the east coast. whoa we are looking at sandy coming in, making landfall in the next couple of hours. we wanted to show you a damaged crane in the heart of manhattan. building 157th street. the crane was on top of the building. the wind have been so severe, it knocked part of the crane off the building and currently hanging off of that building. firefighters are at the scene, telling folks to evacuate, get away from this building in case this crane falls from the top of the building. an extraordinary shot we're looking at now. >> ultraluxury apartment building still under construction. as our robert frank reported a little while ago, some had already been purchased for tens of millions of dollars. that building going to 90 stories when all is said and done. winds wreaking havoc in midtown manhattan. the worst may still yet be to come from sandy. todd gross track latest path. >> indeed, the worst is to come. it's going to happen within the next few hours. we're approaching crunch time as this is accele
hurricane sandy slamming the east coast. whoa we are looking at sandy coming in, making landfall in the next couple of hours. we wanted to show you a damaged crane in the heart of manhattan. building 157th street. the crane was on top of the building. the wind have been so severe, it knocked part of the crane off the building and currently hanging off of that building. firefighters are at the scene, telling folks to evacuate, get away from this building in case this crane falls from the top of...
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Oct 30, 2012
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today on "power lunch," surviving sandy. three important areas we're going to focus on, insurance and the frightening comparison. one insurance executive is making about the impact of sandy. a hit to the retail sector, damage to property and a washed-out holiday. we will see who is best poised to recover quickest. >>> and how do you secure that crane, and we're looking live at the crane dangling precariously over west 57th street in manhattanch the latest on "power lunch." now back to scott and "fafl half." >> let's get over to bob pisani at the news desk and a statement from the new york stock exchange regarding tomorrow. >> we do, and it looks like all statements are go. let me read the statement. the nyse will open with all normal trading with equity and bond markets and derivative options on wednesday, october 31st. trading will commence on the nyse exchange at 9:30 a.m. under normal opening procedures, and the nyse building and trading floor are fully operational. the ceo pending a statement saying we're pleased we turn
today on "power lunch," surviving sandy. three important areas we're going to focus on, insurance and the frightening comparison. one insurance executive is making about the impact of sandy. a hit to the retail sector, damage to property and a washed-out holiday. we will see who is best poised to recover quickest. >>> and how do you secure that crane, and we're looking live at the crane dangling precariously over west 57th street in manhattanch the latest on "power...
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Oct 29, 2012
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i think the story is sandy. i don't think it's the two candidates for the next two or three days. >> certainly, john harwood, the story now is about getting people safe and saving lives and making sure everybody is out of harm's way and if devastation is enough and people are still out of power next tuesday, that could be a real problem come election day. >> absolutely it could. i've never seen an election day actually disrupted in a way that seems possible in this instance. so, you know, we'll have to wait and see how extensive and long lasting the power outages are. you know, to the extent that they are on some east coast states where, you know, president obama has had a substantial lead, you could see that it may not affect the outcome in some of those states, but, on the other hand, if you're talking about florida, talking about virginia, these are highly competitive states, and we can't predict how it's going to affect it. >> thanks, guys. talk to you later. we've been looking at that video of the capitol b
i think the story is sandy. i don't think it's the two candidates for the next two or three days. >> certainly, john harwood, the story now is about getting people safe and saving lives and making sure everybody is out of harm's way and if devastation is enough and people are still out of power next tuesday, that could be a real problem come election day. >> absolutely it could. i've never seen an election day actually disrupted in a way that seems possible in this instance. so, you...
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Oct 29, 2012
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continuing coverage of hurricane sandy. nearly 14,000 flights have been canceled due to hurricane sandy. more specifics on the impact on air travel from new york based jetblue. it has a major presence along the east coast. on the telephone with me is the jetblue chief operating officer. good to have you on the program. can you update us on how many flights have you cancelled and when you think you will be able to get stranded travelers moving again? >> good to be with you. as i sit here today in long island city we are -- cancelled about 1,200 pilots through the early part of wednesday. we are planning right now to begin bringing flights back to boston on tuesday night. then trying at the infrastructure ready for us and -- what -- subways and bridges and -- mass trance and it all that kind of good stuff if they can come back reliably tuesday night into wednesday we will try to begin operating into new york sometime on wednesday. >> we have got 12 had 00 flight cancelations at jetblue is that the right number? 1300 flights?
continuing coverage of hurricane sandy. nearly 14,000 flights have been canceled due to hurricane sandy. more specifics on the impact on air travel from new york based jetblue. it has a major presence along the east coast. on the telephone with me is the jetblue chief operating officer. good to have you on the program. can you update us on how many flights have you cancelled and when you think you will be able to get stranded travelers moving again? >> good to be with you. as i sit here...
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Oct 29, 2012
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hurricane sandy slamming into the east coast. winds are picking up and the rain is coming towards the new york city area. thousands have been evacuated from low lying areas. u.s. stock and option markets will be closed today and possibly tomorrow. bond markets will remain open until noon. and stocks are weaker across europe with the u.s. calling off equity trading. more worries about a rescue deal for spain. it's monday, october 29th, 2012. "squawk box" begins right now.
hurricane sandy slamming into the east coast. winds are picking up and the rain is coming towards the new york city area. thousands have been evacuated from low lying areas. u.s. stock and option markets will be closed today and possibly tomorrow. bond markets will remain open until noon. and stocks are weaker across europe with the u.s. calling off equity trading. more worries about a rescue deal for spain. it's monday, october 29th, 2012. "squawk box" begins right now.
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Nov 1, 2012
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i would suspect that there will be a resolution and that perhaps sandy and effects from sandy will force some type of compromise that might not have been possible going forward. but to our way of thinking, the fiscal cliff is probably a 1% negative in terms of gp which means that if gdp was going to be 2 or 3, it is now going to be 1 as opposed to 2. they're probably slow-growth quarters from our standpoint. >> only economically. only economically. does it matter who wins the election? >> i don't think so. in my investment outlook, i basically said neither one, republican, democrat, democrat, republican. it is the defendant government that money can buy -- >> bill, you said a lot. you were pretty cynical. were you jaded. i thought when did bill gross get so jaded with government? >> that's not jaded. we spent $5 billion on this election for what? to prove that it is the government of the super pac by the super pac for the super pac? to prove that basically no matter who wins, that we'll be at this point four years from now in the future. so what i'm suggesting is, no, not don't go to the
i would suspect that there will be a resolution and that perhaps sandy and effects from sandy will force some type of compromise that might not have been possible going forward. but to our way of thinking, the fiscal cliff is probably a 1% negative in terms of gp which means that if gdp was going to be 2 or 3, it is now going to be 1 as opposed to 2. they're probably slow-growth quarters from our standpoint. >> only economically. only economically. does it matter who wins the election?...
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Oct 31, 2012
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the first issue is obviously sandy occurred in the fourth quarter. that's going to have a material impact. as we said, we're significantly raising guidance for the fourth quarter. it will result in a rise for the year as well. that's really the portable generator demand. that's the in-rush much demand we see around an event that occurs -- unfortunately, when you get major destruction like this, you have a hard time actually finding gas for. but in the future and really for the next six to 12 months, we should see going into 2013, a greater demand for permanently installed packup systems. people have hit the turning point with frequency of outages, have come to the conclusion they need a backup plan that, frankly, is more permanent in nate tur. >> when it comes to the portables versus installed, i'm curious that the martins are different. there's another stream of ref knew which you get from servicing the units. >> the portables are sold through big box retailers. the margins on those products not kwied as good as on the installed products. installed
the first issue is obviously sandy occurred in the fourth quarter. that's going to have a material impact. as we said, we're significantly raising guidance for the fourth quarter. it will result in a rise for the year as well. that's really the portable generator demand. that's the in-rush much demand we see around an event that occurs -- unfortunately, when you get major destruction like this, you have a hard time actually finding gas for. but in the future and really for the next six to 12...
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Nov 1, 2012
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it was the first post-sandy opening here on wall street. it was pretty flat, even though volume picked up at the end of the day. today we're seeing money move into equities. >> how we closed yesterday didn't really matter. it was just the fact it was open for trading. it's interesting to see this gain today as we were talking with the guys last segment. the dow up 128 points. the nasdaq with a stellar gain of 1.4%. the s&p up more than 1% on this first trading day of the new month here. as we get ready for the jobs number tomorrow, we think about the jobs -- or all the of the economic data today was good. the manufacturing, the construction spending, the adp jobs number, the private sector number, has now changed their me methodology and broadly expanded the number of sampling they take, so it may be closer in correlation to what the jobs number tomorrow looks like. today's number was a gain of 158,000 jobs, which was above expectations. so who knows what that will mean for tomorrow. >> yeah, it's really interesting. why are we changing the
it was the first post-sandy opening here on wall street. it was pretty flat, even though volume picked up at the end of the day. today we're seeing money move into equities. >> how we closed yesterday didn't really matter. it was just the fact it was open for trading. it's interesting to see this gain today as we were talking with the guys last segment. the dow up 128 points. the nasdaq with a stellar gain of 1.4%. the s&p up more than 1% on this first trading day of the new month...
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Nov 1, 2012
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after sandy. so stephanie link, if you have insur insured losses, some of the numbers hitting 50 billion could go higher. how are you thinking about the space today? >> there are some companies that are going to fair better. something like an aig which has surplus insurance, they have a better pricing power, so they can quickly raise prices, where as an all-state or travelers won't be able to price as aggressively. in terms of aig, the reason we own it, this is obviously a horrible situation, but i think it will be contained somewhat in the fourth quarter, maybe the first. it's really cleaned up its balance sheet and focusing on two business lines. casualty and life. i think the life business will start to see some momentum as he they get more distribution. i think they use the weakness to buy when the stock is trading at .6 times book value. >> mike murphy, you could see a bit of an earnings hit based on what the actual insured losses and payout turn out to be. which name in this space you think
after sandy. so stephanie link, if you have insur insured losses, some of the numbers hitting 50 billion could go higher. how are you thinking about the space today? >> there are some companies that are going to fair better. something like an aig which has surplus insurance, they have a better pricing power, so they can quickly raise prices, where as an all-state or travelers won't be able to price as aggressively. in terms of aig, the reason we own it, this is obviously a horrible...
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Nov 2, 2012
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it really has the feel of a sandy effect. utilities and consumer staples have been the weakest perform thers week. terms have done better. the anticipation of rebuilding and the hit that the utilities have taken right now still feels like it's the aftermath of the storm here. >> we're in a slightly different -- the cause of qe-3, it has created some whacky distortions in the market. it's again affecting the market today. when we got a better than expected payroll report, which i think is certainly good news, the dollar rallied because there's less likelihood of qe-3. that would be dollar positive. well, you know, that might be good. that's certainly a good sign of a better economy as well. but that put pressure on all the commodities. you can see that this knock-on effect of qe-3, which is one reason so many people have a hard time with qe-3. >> john sweeney, what impact do you feel the monetary policy has had? there was a time the market was rallying even as the fundamentals were falling down or slowing down at that point. d
it really has the feel of a sandy effect. utilities and consumer staples have been the weakest perform thers week. terms have done better. the anticipation of rebuilding and the hit that the utilities have taken right now still feels like it's the aftermath of the storm here. >> we're in a slightly different -- the cause of qe-3, it has created some whacky distortions in the market. it's again affecting the market today. when we got a better than expected payroll report, which i think is...
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Oct 31, 2012
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and is sandy a case for big government? why some are using the superstorm to say big government really is better. we separate the fact from fiction of that argument. that's all ahead on this special edition of "the closing bell." customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. >>> all right, getting back to breaking news on netflix, herb greenberg is on the story. >> netflix shares up about 17% right now, they've been flying and just the recent 10, 15, 20 minutes news hit carl icon taken a 9.9% stake in the company. icahn has been buying the shares since early september and he's identified netflix because he believes it's undervalued in its dominant position and internat
and is sandy a case for big government? why some are using the superstorm to say big government really is better. we separate the fact from fiction of that argument. that's all ahead on this special edition of "the closing bell." customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's...
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Oct 31, 2012
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i've been calling local board of election officials in the sandy zone today. we've been able to get through to a couple of them. start with cape may, new jersey, that's the southern coastal portion of new jersey where i spoke with michael kennedy, the cape may county registrar. he toll me they are still evaluating conditions there. they're going to see how many polling places they're going to need to move. they had a couple in yacht clubs near the water but he said they're going to double those up with other polling places. further inland people will be able to vote there. he said the word he's getting is that the state of new jersey is going to lean to having an election on tuesday. that's the word from state officials there and they expect that most polling places will be open in cape may county, new jersey. however, he said the worst damage was in ocean county, new jersey. he doesn't have any word from election officials there. also in suffolk county, new york, i spoke with wayne rodgers, the republican board of elections commissioner up there. he told me t
i've been calling local board of election officials in the sandy zone today. we've been able to get through to a couple of them. start with cape may, new jersey, that's the southern coastal portion of new jersey where i spoke with michael kennedy, the cape may county registrar. he toll me they are still evaluating conditions there. they're going to see how many polling places they're going to need to move. they had a couple in yacht clubs near the water but he said they're going to double those...
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. >> super storm sandy leaves a massive path of destruction in its wake. now residents belong a long and costly recovery process. >> the u.s. markets are set to reopen after being closed the last few days. the new york mass transit system is still shut down. >>> new sthats now expect profit growth to hit the slowest since lifting. >>> welcome to today's show. the good news is financial markets start trading again. >> well, good news or it depends on how they open. certainly there's people with pent up demand. >> i think whatever happens, the fact that we're back up and trading is a good thing. >> the interesting question is why. but why couldn't the new york stock exchange have gone with its electronic trading systems. will this serve as a catalyst to maybe pursue that route the next time with more confidence. >> it's a day of cleanup. >> yes, it is. millions of people in the northeastern u.s. will spend days or weeks to recover from sandy, which is being blamed for at least 46 deaths. at its peak, more than 8.5 million homes and businesses were without po
. >> super storm sandy leaves a massive path of destruction in its wake. now residents belong a long and costly recovery process. >> the u.s. markets are set to reopen after being closed the last few days. the new york mass transit system is still shut down. >>> new sthats now expect profit growth to hit the slowest since lifting. >>> welcome to today's show. the good news is financial markets start trading again. >> well, good news or it depends on how they...
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Nov 1, 2012
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hit by sandy. we'll discuss the outlook for prices with a guest who says shortages will continue for several days in the hardest hit areas. >>> plenty of focus on energy today. weaker prices taking their toll on shell. posting a 15% drop in its third quarter profit following a fall in prices. result below analyst expectations. if x. on mobile expected to report a fall in its profit today. revenues expected to contract by around 9:00. 9%. and from the energy companies to the gas pumps. >> shortage caused by hurricane sandy is causing lines in some cases miles long. joining us for monday is jonathan citron. thanks for calling in. you follow energy markets quite a bit. how long and how likely are the shortages to persist? >> i think we'll see the shortage persist for a short period of time. they're doing all they can to alleviate not only the damage, but it's all about getting the power back on. we need to get the glass to the pumps and the pumps working. so i think it's a matter of days rather than t
hit by sandy. we'll discuss the outlook for prices with a guest who says shortages will continue for several days in the hardest hit areas. >>> plenty of focus on energy today. weaker prices taking their toll on shell. posting a 15% drop in its third quarter profit following a fall in prices. result below analyst expectations. if x. on mobile expected to report a fall in its profit today. revenues expected to contract by around 9:00. 9%. and from the energy companies to the gas pumps....
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Nov 1, 2012
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i want to get your take on this sandy factor and the stock market. >> i think sandy is a temporary story, but the way i think christie and other governors and mayors really pitched in suggests that we'll get through this fairly quickly and there will be serious commitments in terms of infrastructure and improvements. and i'll reemphasize your point. chinese purchasing survey was a little improved and you're right, if the purchasing manager survey in the u.s. is a little better as was consumer confidence. >> jack, what do you think, is sandy a big driver for stocks or is it the coming election and the possible outcome? >> i think it's one that you have a lot of underinvested what i call nonbelievers. i think we're entering the period of chasing returns. first of november i think we started since '09 where it's been up. which is indicative of what the next couple of months will bring. having said that, sandy will produce jobs. the question is will sandy produce more jobs than president obama did over the course of the last few years. and as far as the numbers, let's keep this in mind. i'm
i want to get your take on this sandy factor and the stock market. >> i think sandy is a temporary story, but the way i think christie and other governors and mayors really pitched in suggests that we'll get through this fairly quickly and there will be serious commitments in terms of infrastructure and improvements. and i'll reemphasize your point. chinese purchasing survey was a little improved and you're right, if the purchasing manager survey in the u.s. is a little better as was...
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Oct 29, 2012
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continue to watch cnbc as we continue to watch sandy. you stay safe, my dear, too. >> i shall, indeed. thanks for watching. that will do it for "power lunch." >> special edition of "street signs" starts right now. >>> the days ahead are going to be very difficult. there will be people who die and are killed in this storm. >> sobering comments from maryland governor martin o'malley as hurricane sandy takes aim at the northeast. it will be likely one of the most powerful and expensive storms of the past 100 years. >>> welcome to this special edition of "street signs." >> at this hour sandy inching closer to the east coast bringing the rains, tens of thousands of power outages already and causing the closure of the new york stock exchange today and tomorrow as well. we have the latest track on sandy for you, but first of all, let's start off with our reporters live across the northeast. we begin now with our scott cohn in battery park near wall street. scott, what's the latest down there? >> reporter: well, mandy, as you can see, the wind i
continue to watch cnbc as we continue to watch sandy. you stay safe, my dear, too. >> i shall, indeed. thanks for watching. that will do it for "power lunch." >> special edition of "street signs" starts right now. >>> the days ahead are going to be very difficult. there will be people who die and are killed in this storm. >> sobering comments from maryland governor martin o'malley as hurricane sandy takes aim at the northeast. it will be likely one...
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Oct 30, 2012
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parts of new jersey simply devastated by sandy. an entire town under water under a levee break overnight. jackie deangelis is in new jersey following this developing story. jackie. >> good afternoon, maria. we are here in town where everything has been shut down. we did see people earlier tonight being evacuated by emergency crews. fest by boat throughout the streets from their homes and then on to bus where is they got to higher ground. we were asking some people how they survived the evening with the damage. they told us the water started coming around 10:00 last night. between 10:00 and midnight flooding their basements and moving up slowly. they kept moving up their homes to stay dry. when the evacuation crews came this morning, it took many hours to get people out. some people put their wading boots on and starting walking themselves. it's a small community here, but it's not just this area that was damaged as a result of this. also, hackensack is dealing with this. this is the type of problem that's not going to go away overn
parts of new jersey simply devastated by sandy. an entire town under water under a levee break overnight. jackie deangelis is in new jersey following this developing story. jackie. >> good afternoon, maria. we are here in town where everything has been shut down. we did see people earlier tonight being evacuated by emergency crews. fest by boat throughout the streets from their homes and then on to bus where is they got to higher ground. we were asking some people how they survived the...
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since sandy hit. she joins us next on the aftermath of this superstorm. >>> also ahead -- >> i appreciate the presence, telephone call. if we need something, i have the number and i'll be sure to use it. >> new jersey governor and mitt romney supporter chris christie setting politics aside because of sandy. how will the superstorm impact the presidential election just one week away? i'll speak with pennsylvania governor ed remember dell on the back half of this show. don't miss it. ♪ [ male announcer ] the way it moves. the way it cleans. everything about the oral-b power brush is simply revolutionary. oral-b power brushes oscillate, rotate and even pulsate to gently loosen and break up that sticky plaque with more brush movements than manual brushes and even up to 50% more than leading sonic technology brushes for a superior clean. oral-b power brushes. go to oralb.com for the latest offers. oral-b power brushes. if we want to improve our schools... ... what should we invest in? maybe new buildings
since sandy hit. she joins us next on the aftermath of this superstorm. >>> also ahead -- >> i appreciate the presence, telephone call. if we need something, i have the number and i'll be sure to use it. >> new jersey governor and mitt romney supporter chris christie setting politics aside because of sandy. how will the superstorm impact the presidential election just one week away? i'll speak with pennsylvania governor ed remember dell on the back half of this show. don't...
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Nov 3, 2012
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lost in the hurricane sandy coverage was disney's massive 4 billion deal with lucasfilm. mickey and darth vader living together in the magic kingdom. the unit could include its animation unit getting back on track. julia has more. >> melissa, disney is paying $4 billion, half cash, half stock to acquire lucasfilm from its sole owner, george lucas. the centerpiece is "star wars", they have grossed $4 billion. analysts praised the deal its long-term prospects and disney's plans for another three "star wars" filming, next coming out in 2015, the same year bob iger says it will be accretive. lucas film generates $215 million from consumer products and disney is hoping to make that number much, much bigger. now, this deal comes the same week as disney is opening "wreck-it ralph" expected to gross north of $40 million at the u.s. box office this weekend. it's a disney animation movie but it's drawing the kind of rave reviews usually reserved for pixar films, not disney animation. following the strong performance of "tangled" last year, disney's animation under the leadership of
lost in the hurricane sandy coverage was disney's massive 4 billion deal with lucasfilm. mickey and darth vader living together in the magic kingdom. the unit could include its animation unit getting back on track. julia has more. >> melissa, disney is paying $4 billion, half cash, half stock to acquire lucasfilm from its sole owner, george lucas. the centerpiece is "star wars", they have grossed $4 billion. analysts praised the deal its long-term prospects and disney's plans...
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Oct 30, 2012
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hurricane sandy or super storm sandy made landfall there. there is widespread flooding and severe damage to the casinos that dot the boardwalk. our kayla tausche is live in atlantic zwhachlt are you s atlantic city. what are you seeing, kayla? >> reporter: this morning at a press conference, governor chris christie saying he was trying to come out to the jersey shore to assess the damage but couldn't find anywhere to land in a police helicopter that being said you most of his comments were directed to seaside heights, brian was just describing, a little bit due south of here. certainly, atlantic city took the brunt of that hit yesterday when sandy actually made landfall here. the storm surge was record height. flood the city, onto the boardwalk and several intersections back. it is a different story. you remember those iconic visuals of the iconic boardwalk floating off into town yesterday? well, that's not the main part of the boardwalk, we are happy to report. it is actually the far north end of the boardwalk, at the letters developed end
hurricane sandy or super storm sandy made landfall there. there is widespread flooding and severe damage to the casinos that dot the boardwalk. our kayla tausche is live in atlantic zwhachlt are you s atlantic city. what are you seeing, kayla? >> reporter: this morning at a press conference, governor chris christie saying he was trying to come out to the jersey shore to assess the damage but couldn't find anywhere to land in a police helicopter that being said you most of his comments...
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meantime, all the news today not about sandy. a major deal disney announced it's adding "star wars" and "indiana jones" to its library. acquiring lucas jones, worth $4 billion. our julia boorstin at disney headquarters exculusively with the latest. >> reporter: $4.05 billion. disney is acquiring lucas film, half cash and half stock. in the acquisition they're acquiring the rights to the "star wars" franchise which goesed over $4.4 being worldwide as well as special effects studio industrial light and magic and sky walker sound. disney says it plans to release "star wars" episode seven in 2015. that's the same year it says the acquisition will become accretive to disney's bottom line saying it plans to release more films in the star wars franchise every two to three years. >> this was also a very unique opportunity. when you look at the world of entertainment, there's almost nothing like this. this is one of the most iconic, one of the most successful, one of the highest quality entertainment brands that exists in the world. and w
meantime, all the news today not about sandy. a major deal disney announced it's adding "star wars" and "indiana jones" to its library. acquiring lucas jones, worth $4 billion. our julia boorstin at disney headquarters exculusively with the latest. >> reporter: $4.05 billion. disney is acquiring lucas film, half cash and half stock. in the acquisition they're acquiring the rights to the "star wars" franchise which goesed over $4.4 being worldwide as well as...
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hurricane sandy. >>> scott, thank you very much. we continue our breaking news coverage. hurricane sandy lashing out at the east coast of the united states. streets are flooding. that's the least of it. beaches eroding. this is the real deal, sue. >> indeed it is, ty. i'm sue herera. welcome to "power lunch." we have reporters and live cameras spanned out from washington, d.c. all the way up to new england. but we're going to start with meteorologist todd gross for an update. >> it is still looking grim. basically the two important things to note about this storm are number one, it is transitioning right now in to an extra tropical storm. non-hurricane. it's doing so with a very deep central pressure. you see that 943 mb? that means it is 943 millibars. sounds technical? it means it is a really deep storm, even for a hurricane, and it is transitioning into a non-hurricane, and yet maintaining its strength. that's one important factor. the other important factor is take a look at the bends that this st
hurricane sandy. >>> scott, thank you very much. we continue our breaking news coverage. hurricane sandy lashing out at the east coast of the united states. streets are flooding. that's the least of it. beaches eroding. this is the real deal, sue. >> indeed it is, ty. i'm sue herera. welcome to "power lunch." we have reporters and live cameras spanned out from washington, d.c. all the way up to new england. but we're going to start with meteorologist todd gross for an...
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let's get right back to our continuing coverage of hurricane sandy. our own brian shactman joins us live in montauk, new york. brian, what's the latest out there? >> reporter: scott, i basically want to point out this area balloons to 100,000 people in the summer and goes down to 22,000 in terms of year round residents. i'm told many of them decided to stay. we hope that's an okay decision. included in that summertime population are a lot of famous people. we talked to a local official here to put it in some perspective for us. >> if you work yourself from the point all the way farther west, you'd hear names like paul simon, robert de niro, ralph lauren. every property with wind like this or sustained heavy winds could have some damage. so i fret for those properties as well as the other 22,000 of us that watch those properties on television or whatever. >> yawn winner is one name people right not know. founder of "rolling stone" magazine. it's a who's who. jerry seinfeld has a place in town. we are about two hours away from low tide. surf continues t
let's get right back to our continuing coverage of hurricane sandy. our own brian shactman joins us live in montauk, new york. brian, what's the latest out there? >> reporter: scott, i basically want to point out this area balloons to 100,000 people in the summer and goes down to 22,000 in terms of year round residents. i'm told many of them decided to stay. we hope that's an okay decision. included in that summertime population are a lot of famous people. we talked to a local official...
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updat updates on damage from sandy. and a damage assessment from new york real estate magnet richard lefrak. also the latest on airline cancellations and airport closings from courtney reagan, and the new york stock exchange reopening today after going dark for two days. not shut down since 1888. >> when there were 40-foot snow drifts in manhattan. >> we're going to get you ready for the opening bell and the rest of the trading week, and we have the adp employment report tomorrow starring mark zandy. first, though, andrew, the person not the storm. >> let's get a check on the markets. at this hour, looking up across the board, dow opening up about 61 points higher, s&p 500 would be higher, nasdaq, as well. >> marginally down day in london, ftse 100, cac up of 6.40, and the dax up, as well. >>> in earnings news, gm scoring a big "b" for the third quarter. if you factor out special items, earn eed 93 cents a share. and cfo dan ammann said the company would provide details of its plan to return to profitability in europe d
updat updates on damage from sandy. and a damage assessment from new york real estate magnet richard lefrak. also the latest on airline cancellations and airport closings from courtney reagan, and the new york stock exchange reopening today after going dark for two days. not shut down since 1888. >> when there were 40-foot snow drifts in manhattan. >> we're going to get you ready for the opening bell and the rest of the trading week, and we have the adp employment report tomorrow...
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it's the necessity post-sandy. a lot of gas stations aren't open, and those that are, they might as well have a red velvet rope at the entrance. >> took about two hours, i think. if you have to do it, you have to do it. this is the only place you can come and get gasoline. >> well, we've been waiting here for -- what? over two hours trying to get gas. we're working up in new york city with the flood relief trying to clean up some of that water. we haven't made it there yet. >> reporter: what's behind the long lines? first and foremost, a lack of electricity. gas stations without power, they just can't pump gas. second, some stations that have gas may run out quickly. the new jersey gasoline retailers association says the average station has about a 30,000-gallon tank. on a normal day, it turuns throh one-third of that, about 10,000 gallons. but in a post-sandy world it is going to run through that much sooner. last week some important cogs in the supply chain are without power or damage. the solution for now, truck
it's the necessity post-sandy. a lot of gas stations aren't open, and those that are, they might as well have a red velvet rope at the entrance. >> took about two hours, i think. if you have to do it, you have to do it. this is the only place you can come and get gasoline. >> well, we've been waiting here for -- what? over two hours trying to get gas. we're working up in new york city with the flood relief trying to clean up some of that water. we haven't made it there yet. >>...
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how is the first day of trading since hurricane sandy? let's ask managing director at lessard national markets. >> it is good to be back. two days seems like an etesht when you're trying to place a bet and express an opinion in this marketplace so it is very difficult to wait this out. obviously a terrible tragedy, this national disaster. but we have to balance out the fact that we are back in business with the fact that, as bob just pointed out, it is very difficult to get to new york right now. i would tell you that the volumes aren't three days worth of volumes all wrapped up in one. we'll see that normalize over the course of the week. >> indeed. it is horrible to talk about these things in light of the tragedy that's ensued. but nonetheless, what are you doing in terms of making a buck? for example, where is the trade in the wake of the hurricane? >> one of the things you'll want to be very careful is on the overshoot. pisani just pointed out a few things. obviously people look at the home depots and lowlowe's and t a step further an
how is the first day of trading since hurricane sandy? let's ask managing director at lessard national markets. >> it is good to be back. two days seems like an etesht when you're trying to place a bet and express an opinion in this marketplace so it is very difficult to wait this out. obviously a terrible tragedy, this national disaster. but we have to balance out the fact that we are back in business with the fact that, as bob just pointed out, it is very difficult to get to new york...
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Oct 30, 2012
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what will sandy's long-term impact be? joining us once again is paul walsh, vice president of weather analytics for the weather channel. what -- you have what he a chance to crunch some of these numbers. yesterday, we talked about retail. >> yep. >> today, you are taking a broader look what are you coming up with in terms of the impact? >> so i have been talking to some economists out there and sort of getting their senses, early days, of course, but chatted with mark zandi yesterday. they are estimating that binds the location where the storm hit, probably cost the is economy about $150 to $20 billion, $10 billion per day. wells fargo thinking it could be a .1 to .2% impact on q 4 gdp. >> now, there's the rebuilding, of course, which might offset some of that. >> yep. >> but that takes a while to be impacted and to be really factored into the equation, right? >> i talked to someone yesterday who is thinking we will see a benefit when we go into 2013 and 2014 increasing his growth estimates for 2013 and bringing down unemp
what will sandy's long-term impact be? joining us once again is paul walsh, vice president of weather analytics for the weather channel. what -- you have what he a chance to crunch some of these numbers. yesterday, we talked about retail. >> yep. >> today, you are taking a broader look what are you coming up with in terms of the impact? >> so i have been talking to some economists out there and sort of getting their senses, early days, of course, but chatted with mark zandi...
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sandy still packing a punch. more than 7 million people currently without power from north carolina through connecticut. there are more than 2 million people in new jersey alone without power today. we'll get an update on the you power situation in new jersey with the president of pse&g, they have 1.2 million customers without pow person by the way, the president is just declaring a state of emergency in new york city. this is something that will free up more federal funds for people here in long island and in new york city and we will have more on that in just a moment. also coming up in the next half hour, we have delaware governor jack markell. we'll get his assessment of the damage to his state and dennis gartman will talk energy and commodity trading. >> lots of damage to report in the new york city area, more than 50 homes were destroyed by fire last night in breezy point queens. just east of cone any islands, more than 170 firefighters were on the scene. and separately more than 200 patients were evacuated
sandy still packing a punch. more than 7 million people currently without power from north carolina through connecticut. there are more than 2 million people in new jersey alone without power today. we'll get an update on the you power situation in new jersey with the president of pse&g, they have 1.2 million customers without pow person by the way, the president is just declaring a state of emergency in new york city. this is something that will free up more federal funds for people here...
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if people would give money to sandy relief. city meals is
if people would give money to sandy relief. city meals is
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sandy, the road to recovery. >> while sandy is almost gone, she's not forgotten, as the east coast starts the healing process. >> in sandy's wake, towns destroyed. homes under water. millions without power. but today, wall street is back to business, and the pivotal election is just days away. tonight, cnbc assesses the damage and looks ahead to rebuilding. sandy, road to recovery, a special edition of "the kudlow report." >>> here's what we know two days after the killer storm called sandy hit the northeast. u.s. death toll is now at least 64. a second new york city hospital, bellevue, has been evacuated because of power and flooding issues. >> lower manhattan still a crippled zone. the markets were able to open today, but there's still flooding damage down there and also very dark streets. >> so in the metropolitan area, the recovery is a struggle. the availability of electricity to run the traffic lights, pump the gasoline, is now prime need. 6.1 million utility customers are still without power. individuals and businesses alike. >> public transportation slowly coming back online. some
sandy, the road to recovery. >> while sandy is almost gone, she's not forgotten, as the east coast starts the healing process. >> in sandy's wake, towns destroyed. homes under water. millions without power. but today, wall street is back to business, and the pivotal election is just days away. tonight, cnbc assesses the damage and looks ahead to rebuilding. sandy, road to recovery, a special edition of "the kudlow report." >>> here's what we know two days after...
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but with sandy we have yet to see these big checks from the wealthy. why? well, charity experts tell me that many of the wealthy are still digging out themselves. some of the most expensive neighborhoods in the country were hit by sandy and they still don't have power or water. also, it's early. wealthy donors don't want to duplicate efforts of the government, they don't want to send water to staten island if the coast guard is already there, for instance. they do want to figure out longer term needs, whether that's better evacuation systems, help for the elderly or taking a closer look as many are now at climate change. meanwhile, companies are also stepping up. jpmorgan is giving $5 million. disney's giving $2 million. fedex, toyota, viacom are all now among the biggest donors and that list is growing. one advisor told me mega checks from the wealthy will come, they always do. back to you, michelle. >> i'll take it, robert. >>> we're going to dive a little bit deeper now into the business of charities. best ways to collect and distribute money after a dis
but with sandy we have yet to see these big checks from the wealthy. why? well, charity experts tell me that many of the wealthy are still digging out themselves. some of the most expensive neighborhoods in the country were hit by sandy and they still don't have power or water. also, it's early. wealthy donors don't want to duplicate efforts of the government, they don't want to send water to staten island if the coast guard is already there, for instance. they do want to figure out longer term...
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hurricane sandy landfall in the new york area is imminent. we are covering the latest the historic storm. brian shactman in montauk, long island. scott cohen in battery park, new york city. let's go to scott with the latest. >> probably will be the last report we do have from this location here because as you may be able to he the waters of new york harbor starting to lap up on to this area here at the battery at the tip of lower manhattan. precursor to the big storm surge that's going to come in with hurricane sandy. we don't want to be anywhere near it. i can tell you now that manhattan, crossroads of the world, sun creasingly now becoming an island because within the next couple of hours, the major bridge misand out of new york city, george washington bridge, other bridges in this area, will be closing down and the issue on that front is the winds. i want to show you video shot, just a few moments ago of one world trade center. people tower. these are the tallest construction cranes in new york city. the port authority of new york and new
hurricane sandy landfall in the new york area is imminent. we are covering the latest the historic storm. brian shactman in montauk, long island. scott cohen in battery park, new york city. let's go to scott with the latest. >> probably will be the last report we do have from this location here because as you may be able to he the waters of new york harbor starting to lap up on to this area here at the battery at the tip of lower manhattan. precursor to the big storm surge that's going to...
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hurricane sandy. we'll be back in a minute. we don't call this our company, we call this our mission. green toys teaches children that if i have a milk jug and i stick it in the recycling bin it can turn into something new. chase allows us to buy capital equipment to be able to manufacture in the states to the scale we need to be a global company. with a little luck green toys could be the next great american brand. find what's next for your business at chase.com/mainstreet >>> the eye of hurricane sandy hit the jersey shore hard washing away whole economies in just a short 48-hour period. kayla? >> reporter: well, melissa, tom's river is just across the bay from seaside heights and suffered similar devastation during sandy, you see some of these polls on the docks here on tom's river on the bay. water was higher than that during the storm and a back porch actually detached with a jet ski tied to it and is close to where we're shooting right now. we went through the town and talked to some of the neig
hurricane sandy. we'll be back in a minute. we don't call this our company, we call this our mission. green toys teaches children that if i have a milk jug and i stick it in the recycling bin it can turn into something new. chase allows us to buy capital equipment to be able to manufacture in the states to the scale we need to be a global company. with a little luck green toys could be the next great american brand. find what's next for your business at chase.com/mainstreet >>> the eye...
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we're now looking at almost 16,000 related to hurricane sandy and then super storm sandy, whatever you want to call it now. that's the number of flight cancellations along the east coast. as far as those cancellations and what it's caused around the country, you're seeing boards where they say no flights, flights cancelled. in fact, that's the case here in atlanta. the cancellations into new york are actually expected to increase today. meanwhile, the d.c. and boston airports, they are open. they are operating, not full schedules yet, but they are slowly getting back to normal, and in terms of putting this event into some context, people are saying, boy, is this the worst since 9/11 in terms of a single event causing flight cancellations. not quite. it has passed up hurricane irene from last year, but we're way behind in terms of the number of cancellations relative to snowmageddon last year. again, we expect more flight cancellations. the key right now, finding out when the port authority believes they with open the three new york-area airports. back to you. >> all right. phil what, w
we're now looking at almost 16,000 related to hurricane sandy and then super storm sandy, whatever you want to call it now. that's the number of flight cancellations along the east coast. as far as those cancellations and what it's caused around the country, you're seeing boards where they say no flights, flights cancelled. in fact, that's the case here in atlanta. the cancellations into new york are actually expected to increase today. meanwhile, the d.c. and boston airports, they are open....
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again, i'm saying with something like sandy, sandy requires fema help. yes. i agree with that. question is, how, when, where and why and how? down through our history your column says the united states has had a different structure and more federalism and more use of state and local government. >> absolutely, larry. this is a "bloomberg" column that says, goes back to prewar and notes when we had a crisis often the red cross would lead it. the red cross would have the moral support and organizational support of the government, but the red cross would lead and go down. there was a very famous flood in "forgotten man" and my new book "the biography of coolidge," the flood of the mississippi. it was terrible. the president did not go down. that was coolidge. why not? he wanted the states and the private sector and the charities to take the lead. >> i got to leave it there. we're going to finish this conversation on the radio tomorrow. that's what we're going to. we're going to have more time. that's terrific. thanks. that's it for this evening's show. thanks for watching. stay tun
again, i'm saying with something like sandy, sandy requires fema help. yes. i agree with that. question is, how, when, where and why and how? down through our history your column says the united states has had a different structure and more federalism and more use of state and local government. >> absolutely, larry. this is a "bloomberg" column that says, goes back to prewar and notes when we had a crisis often the red cross would lead it. the red cross would have the moral...
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and putting a price on sandy. we'll talk to a long time insurance executive to get perspective on how the industry will handle all the damages and how you can even start to tally up the cost of all of this. right now as we head to a break, take a look at yesterday's winners and losers. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. he's, he's on my back about providing for his little girl. hey don't worry. e-trade's got a killer investing dashboard. everything is on one page. i'm watching you. oh yeah? well i'm watching you, watching him. [ male announcer ] try the e-trade 360 investing dashboard. >>> welcome back to "squawk b " box." we're two hours away from the release of the jobs report for october.
and putting a price on sandy. we'll talk to a long time insurance executive to get perspective on how the industry will handle all the damages and how you can even start to tally up the cost of all of this. right now as we head to a break, take a look at yesterday's winners and losers. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million...
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first effects of sandy show up in the data. carl? >> thank you so much, steve. what could this mean as we head into the election? he had lazear former chairman of the president's council of economic advisers, welcome back. always good to talk to you. >> nice to be with you. thanks for having me. >> krueger says we are creating enough jobs to make up for new entrants. >> well, we are barely. soap i think alan is correct on that. the way i would think of it is this. i agree with steve, this mum is better than the numbers in the past but not a whole lot better. the average number of jobs created since the job market turned around is 140,000 a month. so now and over the past couple of months at about 170,000 so that's better. the key number is the one you just referred to, carl. you have to think about how much do you need to keep employment constant as a proportion of the population. and that number is 119,000 per month. so what this tells you even with these numbers, even at 170,000 a month, we're adding about 50,000 a month. tha
first effects of sandy show up in the data. carl? >> thank you so much, steve. what could this mean as we head into the election? he had lazear former chairman of the president's council of economic advisers, welcome back. always good to talk to you. >> nice to be with you. thanks for having me. >> krueger says we are creating enough jobs to make up for new entrants. >> well, we are barely. soap i think alan is correct on that. the way i would think of it is this. i...
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nasdaq a little lower, in the aftermath of hurricane sandy. joining us jack bogle, senior chairman and founder of the van guard group. always good to have you. good morning to you. >> good morning to you. >> the mayor said it was important this place opening today. how important would you -- >> wouldn't put it high on my priority list. we have gone four consecutive days without trading, and the sun still came up. we may not have been able to see it, but if the trading is interesting, but doesn't advance the ball anywhere. somebody is buying and somebody is selling, >p and the stock doesn't care who owns it. so if it had gone on a few more days, it wouldn't have bothered me. >> but you know how funds work, the end of the month is a significant pivot point. >> woe don't do much trading, because our businesses haven't overwhelmingly dominated the index funds that don't trade at al all. ist not disabling, not the difference between success and failure, just market noise. >> certainty the market itself is not noise, whether you're talkic infrastruc
nasdaq a little lower, in the aftermath of hurricane sandy. joining us jack bogle, senior chairman and founder of the van guard group. always good to have you. good morning to you. >> good morning to you. >> the mayor said it was important this place opening today. how important would you -- >> wouldn't put it high on my priority list. we have gone four consecutive days without trading, and the sun still came up. we may not have been able to see it, but if the trading is...
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markets closed because of hurricane sandy. kelly evans is in london with the latest. >> melissa, hi. it's being described by some as storms on both side of the atlantic. ubs up 6.5% before financial times reported it may layoff up to 10,000 people and wind down its fixed income business. when that's the outperformer, not necessarily the best of days and also we have decliners outpacing advancers by 7-3 ratio. we have seen stocks make a comeback over the last 60 minutes or so. we could take a look at the sectors for a sense of where the leaders are. we are seeing perhaps four sectors in the green. tech, benefverages, real estate added. we can zero in on insurance market for a second and give you a felt of where the pain is being felt. reinsurers are taking this one on the chin. if you look at some of the other major insurers across europe, we see the same thing. smaller losses but still in the red. they have been losing money. if you are an insurer, we know investments in this low rate environment have gone nowhere. underwritin
markets closed because of hurricane sandy. kelly evans is in london with the latest. >> melissa, hi. it's being described by some as storms on both side of the atlantic. ubs up 6.5% before financial times reported it may layoff up to 10,000 people and wind down its fixed income business. when that's the outperformer, not necessarily the best of days and also we have decliners outpacing advancers by 7-3 ratio. we have seen stocks make a comeback over the last 60 minutes or so. we could...
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>> no, we better talk sandy i think. >> okay. sandy effect on the vote is entirely speculative. there are a lot of people yakking about it, but mostly making stuff up. i'll go to a couple things. first of all, obama is believed to have a somewhat more extensive ground game, he has more people on the ground. so in theory, he has more to disrupt. the president's schedule has him doing more events that will have to be canceled than romney. on the other hand, because romney is down a field goal and needs something to happen, the idea that sandy could flereeze things in place for a few days is not necessarily good for him because he had momentum after the first debate. the momentum seems to have died out. it's left him in a very competitive position. he could win the election. but he may need a little bit of push by the end. and then the other thing that people talk about is the idea that president obama can showrd shal leadership and he's helping people, using fema and other tools of the administration. i'm kind of skeptical of that because i think people understand that that's a pr
>> no, we better talk sandy i think. >> okay. sandy effect on the vote is entirely speculative. there are a lot of people yakking about it, but mostly making stuff up. i'll go to a couple things. first of all, obama is believed to have a somewhat more extensive ground game, he has more people on the ground. so in theory, he has more to disrupt. the president's schedule has him doing more events that will have to be canceled than romney. on the other hand, because romney is down a...
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the update from superstorm sandy. they always make us say that. >> i think there's confusion as to call it a hurricane or not. when you have the death toll rising like we've seen. >> you don't want to say things like that but the questions are whether it's a hurricane or not and new york the government is pushing back saying -- >> it was three storms or at least two. >> pushing back on the insurers saying you can't take these hurricane, the deductibles because this was not a hurricane when it hit new york shores. that's a big deal for a lot of home and businesses. >> wow. lot of time there's wind versus flood, they parse the difference. >> wind versus water. >> and some of the hurricane deductibles were 1% to 5% of the value of the home so that's he a big deal and issue. residents in new york city are without power, tensions are starting to run high. residents are struggling to fuel their cars and get to work. scott cohn joins us from lower manhattan. >> reporter: hi, becky. here we are in water street in the financia
the update from superstorm sandy. they always make us say that. >> i think there's confusion as to call it a hurricane or not. when you have the death toll rising like we've seen. >> you don't want to say things like that but the questions are whether it's a hurricane or not and new york the government is pushing back saying -- >> it was three storms or at least two. >> pushing back on the insurers saying you can't take these hurricane, the deductibles because this was...
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. >>> millions of people are still dealing with the impact of superstorm sandy. and it is going to be a long time before things really do get back to normal. many of you are helping us tell the stories of this disaster and the aftermath with your ireports. take a look at this one, our ireporter took this video that shows manhattan and the freedom tower from staten island. so you can see the finger-pointing right there. the water tanker washed up along the east river there. for the next half hour, we're going to bring you some of the best images and the best sound from our ireporter, josh lev is here to talk about it and take us through it. >> that was an iconic shot this week, when our reporter was there. folks this right now, this is your chance to see the most powerful and amazing videos and images of what our country has been through in the past week. including brand-new ones that have now come into this. some of what we're going to show you is heartbreaking, but some will make you smile. showing resiliency after the devastation. i'm going to show you pictures
. >>> millions of people are still dealing with the impact of superstorm sandy. and it is going to be a long time before things really do get back to normal. many of you are helping us tell the stories of this disaster and the aftermath with your ireports. take a look at this one, our ireporter took this video that shows manhattan and the freedom tower from staten island. so you can see the finger-pointing right there. the water tanker washed up along the east river there. for the next...
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the good news is sandy is hitting during this week. many of these problems resolved by election time and we're monitoring power outages and challenges that develop. those plans are in process right now. >> wayne mcdonald, good to have you. >> thank you. >>> coming up next, we'll get the reaction from the state's democratic chairman, raymond buckley. [ female announcer ] introducing yoplait greek 100. 100% new. 100% mmm... wow, that is mmm... it's so mmm you might not believe it's a hundred calories. new yoplait greek 100. it is so good. new yoplait greek 100. ♪ atmix of energies.ve the world needs a broader that's why we're supplying natural gas to generate cleaner electricity... that has around 50% fewer co2 emissions than coal. and it's also why, with our partner in brazil, shell is producing ethanol - a biofuel made from renewable sugarcane. >>a minute, mom! let's broaden the world's energy mix. let's go. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of t
the good news is sandy is hitting during this week. many of these problems resolved by election time and we're monitoring power outages and challenges that develop. those plans are in process right now. >> wayne mcdonald, good to have you. >> thank you. >>> coming up next, we'll get the reaction from the state's democratic chairman, raymond buckley. [ female announcer ] introducing yoplait greek 100. 100% new. 100% mmm... wow, that is mmm... it's so mmm you might not...
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thanks. >>> sandy's storm surge was horrific but are human really to blame here and more sandies to come? the climate change debate up next. [ woman ] ring. ring. progresso. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or,
thanks. >>> sandy's storm surge was horrific but are human really to blame here and more sandies to come? the climate change debate up next. [ woman ] ring. ring. progresso. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. who...
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now more on superstorm sandy. take a look at these stunning before-and-after photos that we're just getting from google earth. this first one is from brick township, new jersey. on the right, if you look closely, you can see the cared remains of a neighborhood and some small fires still glowing. and this is on the new jersey coast, one of new jersey's barrier islands. you the see it now has a small river running through where a cluster of homes actually used to be. i actually saw that area for myself. it is something to see. the end of bridge you can see was also washed out. this is iconic seaside heights. look at the corner of the pier there where a roller coaster once was. on the rights side, you see it broke off right into the ocean and piles of debris washed up on to the beach. it's really an incredible sight. >>> so what would you do if you could run the presidential campaigns during the last three days before the election? where would you go and who would you have by your side? a lot to imagine, and we'll as
now more on superstorm sandy. take a look at these stunning before-and-after photos that we're just getting from google earth. this first one is from brick township, new jersey. on the right, if you look closely, you can see the cared remains of a neighborhood and some small fires still glowing. and this is on the new jersey coast, one of new jersey's barrier islands. you the see it now has a small river running through where a cluster of homes actually used to be. i actually saw that area for...
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sandy in seconds. incredible. time-lapsed video from across the east river shows hurricane sandy slamming into manhattan. this takes two days and compresses it down into two minutes and shows the second the lights go out in lower manhattan and shows everything. really amazing. logon to our web side. go on to cnn.com/trends for all those top cnn trend. >> "early start" continues right now. >>> we're in shock. everybody is in shock. >> there's no words to put on what happened. we have to start over. >> three days since sandy and storm victims are struggling to recover. >> it is five days until election day. both candidates back on the road in the final battleground states. good morning to you. thanks for being with us this morning. i'm zoraida sambolin. >> i'm john berman. it is 6:00 a.m. in the east. we begin with the latest in the aftermath of that superstorm, the storm that was hurricane sandy. new york city is very slowly attempting to inch back to normal today. some subways and buses will be up and running agai
sandy in seconds. incredible. time-lapsed video from across the east river shows hurricane sandy slamming into manhattan. this takes two days and compresses it down into two minutes and shows the second the lights go out in lower manhattan and shows everything. really amazing. logon to our web side. go on to cnn.com/trends for all those top cnn trend. >> "early start" continues right now. >>> we're in shock. everybody is in shock. >> there's no words to put on...
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sandy is ongoing. the winds of sandy are still blowing in many ways. and almost every moment, there is a new reminder of why. we just got this video of a fire crew out on long island the night that sandy hit, surrounded by water, battered by wind and facing a wall of flames. take a look. >> what about the downed wires? >> watch the wires over your head. >> here comes the wind. >> the block is pitch black. >> imagine that, fighting fire in the midst of all that water. the fire is out. the homes destroyed. power is out to more than 635,000 long island customers. for those 635,000 people, it is still a disaster. still a disaster as well for hundreds of thousands in new york's west chester county who might not see power for another nine days. in lower manhattan, they're at what could be billions of dollars in damage. andrew cuomo took me for a rare look at inside. >> when you saw the water coming in monday night, what went through your mind? >> it was one of the most frightening things. i mean, it was truly frightening, to say the least. all you hear is wa
sandy is ongoing. the winds of sandy are still blowing in many ways. and almost every moment, there is a new reminder of why. we just got this video of a fire crew out on long island the night that sandy hit, surrounded by water, battered by wind and facing a wall of flames. take a look. >> what about the downed wires? >> watch the wires over your head. >> here comes the wind. >> the block is pitch black. >> imagine that, fighting fire in the midst of all that...